$FARTCOIN: Weak rebound—chasing midway is the biggest risk
This potential bearish setup on a failed rebound is worth watching. There’s no need to rush in right now. The candle that just closed saw a clear surge in volume, but the price finished in the lower part of its range. There was plenty of volatility, but the close showed no real strength.
That said, this isn’t a reason to chase a short. The price is still above this candle’s low, so jumping in now could leave you caught in a bounce. Watch whether it can hold near the moving average on the next rebound. If it tests that area and then pulls back, that’s the bearish signal to enter.
My plan has just two steps:
① If it can’t hold 0.1523 and the rebound fails to reclaim it, look for a short.
② If it holds, look toward 0.150179. Set a stop at 0.153361 and don’t hesitate to exit.
#Meme coin
This potential bearish setup on a failed rebound is worth watching. There’s no need to rush in right now. The candle that just closed saw a clear surge in volume, but the price finished in the lower part of its range. There was plenty of volatility, but the close showed no real strength.
That said, this isn’t a reason to chase a short. The price is still above this candle’s low, so jumping in now could leave you caught in a bounce. Watch whether it can hold near the moving average on the next rebound. If it tests that area and then pulls back, that’s the bearish signal to enter.
My plan has just two steps:
① If it can’t hold 0.1523 and the rebound fails to reclaim it, look for a short.
② If it holds, look toward 0.150179. Set a stop at 0.153361 and don’t hesitate to exit.
#Meme coin